"The competition appeal tribunal unanimously dismissed Bristol airport's case against the Welsh government, which Bristol argued distorted the market and breached the Subsidy Control Act."
"Cardiff airport is yet to turn a profit, despite £200m in bailouts since nationalisation, and passenger numbers have not recovered from the Covid pandemic."
"The Welsh government announced a new subsidy worth £205m, to be invested over a 10-year period, with half earmarked for developing new routes."
Cardiff airport successfully defended a £205m subsidy from the Welsh government against a legal challenge from Bristol airport. The competition appeal tribunal dismissed Bristol's claims that the subsidy distorted the market and violated the Subsidy Control Act. The Welsh government has already provided £20m in support under a long-term plan. Despite the funding, Cardiff airport has not yet turned a profit and passenger numbers remain low compared to pre-pandemic levels. The Welsh government aims to use the subsidy to develop new routes and improve facilities.
Read at www.theguardian.com
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